Company Information for Kalahari Minerals Plc

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AIM; KAH View full financial data

Company Statement

Kalahari Minerals plc (KAH) is an AIM-quoted exploration company with an advanced portfolio of copper and base metal prospects in Namibia.

These projects are at various levels of development from reserve definition projects to green field exploration, covering the majority of the known, but un-mined, Namibian portion of the Kalahari Copper Belt.

The Company is currently undertaking a development and exploration programme aimed at identifying the feasibility of commencing one or more mining operations based on oxide and/or sulphide copper resources.

Kalahari Minerals' wholly owned subsidiary in Namibia is West Africa Gold Exploration (Namibia) (Pty) Ltd ('WAGE').

Kalahari also holds 36% of ASX listed Extract Resources Ltd (ASX:EXT) - Extract has several well developed uranium projects in Namibia and has an advanced drilling programme.

Current Operations

Dordabis
Kalahari's Dordabis Project comprises of an area of 875 sq km located 90 km southeast of Windhoek and transected by the main tarmac highway.

The project area in the heart of the Kalahari Copper Belt includes three known areas of copper mineralisation at the surface along a 10km stretch of a 35km-long package of preferential host rocks.

These projects contain known copper sulphide deposits which are already partially defined and at a pre-feasibility stage of reserve definition and detailed drilling. Koperberg is the only one to have been drill-tested but other prospects within the Dordabis project area, including Onverwacht, Protea and Swartberg, have known copper occurrences.

These potentially give the Company additional regional opportunities to exploit economic mineralisation. The Company believes that the Dordabis project is also prospective for mineralisation of IOCG origin.

Witvlei
The Witvlei Project area is located about 80 km north east of Dordabis and consists of two Exclusive Prospecting Licenses covering a number of significant sedimentary hosted copper occurrences and deposits identified in the late 1960’s and 1970’s during a period of exploration for Copper Belt style deposits.  The dominant copper mineral in the sulphide zone is chalcocite with subordinate chalcopyrite, bornite and covellite. The dominant oxide and transitional copper minerals are malachite, azurite, cuprite, native copper and covellite. This secondary zone generally extends to a depth of 20 – 30 metres below surface.

Ubib 
The Ubib project area is near the operational Navachab gold mine and is believed to be prospective for gold mineralisation.

The project covers approximately 713sq km located within a significant metallogenic terrain characterised by polymetallic base metal-uranium-gold mineralisation.

The regional geology is dominated by structural domes, major regional shear zones and abundant intrusions with compositions enriched in metals.

A number of prospective zones have been identified by the Company with regional stream sediment sampling programmes currently in progress. Early results are positive, and follow up work is currently in progress over anomalous areas.

Namib
The Namib Lead Zinc Project is located in the highly prospective Namib Desert 30km east-north-east of Swakopmund on Exclusive Prospecting Licence 2902 ('EPL2902'), an area, which covers 4,523 hectares in the Erongo region, and Swakopmund district. There is a good infrastructure base in the area with rail links and roads to main cities.

The Namib Project is centred on the old Namib Lead Mine, which was an underground operation that commenced in 1965, placed under care and maintenance in February 1992, and has since been abandoned. The Namib base metal deposits are located on the western side of the Rossing Mountain and hosted in marginal shelf facies limestone that has subsequently been subject to intense structural deformation, and metamorphism to form the Karibib marbles. The Karibib Formation forms part of the Swakop Group located within the southern technostratigraphic zone of the Pre-Cambrian, Damara Orogen.

Production records indicate that from 1986 to 1991, 356,300 tonnes were milled at the old mine with yield grades of 5.3% zinc and 1.6% lead to produce 38,121 tonnes of zinc concentrate, and 14,142 tonnes of lead concentrate.

Lead was the primary concentrate produced until 1986, with old tails dumps reportedly containing at least 445,000 tonnes at 2.0% zinc.

Previous mine studies indicate surface tails and underground mining potential of 1.65 million tonnes at 5.7% zinc, 1.6% lead and 40.2 g/t silver (non JORC compliant).

Work by Kalahari is aimed at defining the full potential of this project with a view to recommencing mining of the sulphide mineralisation and processing of the sulphides and legacy tails material.

Geographical Spread

Board of Directors and Key Management

Directors:
Mark Hohnen	Executive Chairman
Peter McIntyre	Executive Director
Glyn Tonge	Non-executive Director
Stephen Galloway	Non-executive Director

Company Address 30 Charles Street PO Box 752 Perth, American Samoa 6951 Telephone: +61 (8) 9367 2200 Facsimile: +61 (8) 9367 2144 Email: pmcintyre[at]kalahari-minerals.com Website: http://www.kalahari-minerals.com

Annual General Meeting TBA

Year End 30 June

Nominated Brokers Evolution Securities Limited 100 Wood Street London EC2V 7AN UK Tel: +44 (0)20 7071 4300 Email: enquiries@evosecurities.com Ambrian Partners Limited 8 Angel Court London EC2R 7HP UK Tel: +44 (0)20 7776 6400 Email: info@ambrian.com

Nominated Advisors Blue Oar Securities PLC 30 Old Broad Street London EC2N 1HT UK Tel: +44 (0)20 7448 4400 Fax: +44 (0)20 7448 4477

Major Shareholders

RAB Special Situations (Master) Fund Ltd	16.9%
Coronet Resources Ltd	14.7%
RAB Energy Fund Ltd	4.5%
Willbro Nominees	3.7%
Philip Richards	3.7%
FMR Corporation	3.2%
M.A. Hohnen	2.8%

Related News

24/01/08 - Kalahari Minerals Has Much More Than Uranium Going For It
15/05/07 - Kalahari Minerals Goes For Base Metals With Uranium On The Side
12/02/07 - Time For Junior Mining Stocks To Consider Their Future

Most Recent Statement

19/05/08 - Final Results
13/05/08 - Outstanding uranium intersections at Rossing South
30/04/08 - Extract Resources Announces Extension to Strike at Rossing South
24/04/08 - IDA DOME – Resource Definition Drilling Update
14/04/08 - Results of General Meeting. Kalahari completes placing to raise £14.4 million
20/03/08 - Acquisition of substantial interest in Kalahari Minerals PLC